Media Chinese International Limited provided earnings guidance for the year ended March 31, 2024. For the year, the company expects to record a loss attributable to owners of the Company for the year ended 31 March 2024 in the range of approximately USD 11.0 million to USD 13.0 million as compared to the loss attributable to owners of the Company of USD 0.2 million for the year ended 31 March 2023. It was mainly due to (i) the decrease in turnover from the publishing and printing segment for the year ended 31 March 2024 when compared to the last financial year; (ii) the write-off and provisions for impairment losses of not less than USD 6.0 million on the Group's certain property, plant and equipment and intangible assets for the year ended 31 March 2024; and (iii) the decrease in government grant and subsidies of approximately USD 2.0 million when compared to the last financial year.